EMI Calculator
Plan your repayments with Precision & Clarity.
Monthly Repayment
Equated Monthly Installment
Breakdown
What is EMI?
Equated Monthly Installment
EMI is your fixed monthly payment to clear a loan. It's a precise blend of principal repayment and interest charges, designed to be consistent throughout your tenure while the internal composition shifts over time.
The Formula
EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ-1)
P = Principal
r = Mth. Rate
n = Tenure (Mo)
The Reducing Balance
Early EMIs are interest-heavy. As you pay down the principal, the interest component shrinks, and more of your money goes towards clearing the loan debt.
Smart Borrowing Tips
Compare Rates
0.5% diff saves lakhs
Choosing Tenure
Short tenure = Less Interest
Prepayments
1 extra EMI/yr cuts tenure by 3y+
Credit Score
750+ gets best rates
Common Loan Types
understanding the nuances of different credit facilities
Home Loan
For buying/constructing residential property. Tax benefits available.
Car Loan
Secured loan for vehicle purchase. Fixed tenure.
Personal Loan
Unsecured, multipurpose loan. Quick disbursement, higher rates.
Education
For higher studies. Tax benefits under Sec 80E.